kate rooney joins us live in studio after hearing from head coach kyle shanahan for the first time sincethe controversial decision to bring back to me, jake. kate right after the break. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? dupixent helps keep you one step ahead of eczema with clearer skin and less itch. hide my skin? not me. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes, including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your doctor about dupixent. >> it's an incredible insurance policy but couldn't divide the team. that's the big question today. forty-niners head coach kyle shanahan and the gm john lynch explained their decision to bring back quarterback jimmy garoppolo. a little intrigue, little drama. kate rooney here live with us. they have to say about it. well, gm john lynch and head coach kyle shanahan do not think it's going

we will have raiders gameday doubt will be hosted by kylen mills and kate rooney.e game at 4.30 and then right after that game will have our post game show hosted by kate rooney and kylen mills as well crop for the place to be on friday. this weekend hooper's will take the court at menlo school in atherton to raise money for an important cause. the still mike shootout, 3 verse 3 tournament was put together to honor the life of michael harris, who is the son of former forty-niners president peter harris. michael was killed in a boating accident in 2015, harris was a popular basketball player at menlo school. he also worked there as a counselor and the basketball coach sunday's tournament will include a game of knockout, a basketball skills clinic and a silent auction with prizes like warriors, luxury suite tickets. proceeds will benefit the children's health county council and palo alto. >> the need for at the hall is particularly greater. want to studies have come up in the last season 2 and it's going to get sense development book point in their life trajectory wi

kate rooney with more on that. kate, i've been looking over the last month shares are up nearly 50% investors are really focused on what's ahead. >> absolutely. you kind of see that data in realtime it's easy to forecast the trading revenue that really was expected the billion dollar loss for coinbase was bigger than investors anticipated. it was a profitable company just a year ago revenue still very much tied to crypto trading, down 64% in a year and also lowered guidance for users and warned of slower trading volume and revenue per user to come i sat down with cfo alicia haas. she said they're cutting operating experiences but still planned to spend for growth and potential m&a. >> we want to do crucial spend we want to be rational and a proper amount, vis-a-vis, the capital resources we have. >> investors have worried as well about pressure on coinbase's margins with more competition out there. she said growing revenue to things like staking and nfts should help, but no changes on fees yet. >> we have not seen t

folks, i got kate rooney to the right of me.t be must be right around the corner. we've got a great show for you tonight. looks like the giants can start planning their vacations early. thanks for tuning in to sports night live. i'm jason dumas yeah, i'm kate rooney. great to be back with you. on sunday night will be spending some of them at levi stadium. but for another week or 2. >> it's all about baseball. yes, for sure. the giants already slim chance at making the postseason took a major hit this weekend in minnesota. this is supposed to be a team fighting for its playoff life. but you wouldn't know it by how they play this weekend. let's go to the many apple, minnesota giants fans they showed up and it looks like they're probably waiving those playoff hopes the by right there, top of the 5th giants down 3 to 2 until brandon crawford rips a shot into right. evan longoria on his horse comes on around to score and just like that, we have a tie game. but the twins, they respond in the bottom of the inning. max kepler with the s

here to help us break it down, kate rooney. y, kate. >> hey, john this is definitely a sign of legitimacy for coinbase. it is good news and it has been trying to grow the more institutional side of the business, the retail trading side has slowed down with the crash in bitcoin and crypto prices in general, they've struggled with trading revenue in general. that's the bread and butter for a lot of the brokerage businesses, robinhood as well. the reason i'm told the stock is skyrocketing is a short squeeze. about 22 frs of the tradeable shares, the float, are sold short. s3 partners put it closer to 21%, but they say it is four times greater than the average u.s. stock right now coinbase is the 36th largest short right now in the u.s. market some short covering going on this morning, likely accounting for the huge rise in coinbase shares one of the most mentioned names on reddit so we may have a little bit of meme stock situation going on here, but the stock has had a pretty rough run in 2022. it has been down significantly so it

the stock flat today amid a roller coaster summer for crypto brian armstrong telling our own kate rooney he's not worried about the volatility >> we have this saying internally i like to repeat a lot. it's never as good as it seems it's never as bad as it seemsment one of the reasons coinbase has been so successful the last ten years, we try not to get focused on short-term ups and downs. >> investor jim chain knows less confident, defending his own short position to our over scott wapner. >> you have a stock at, whatever it is, 75. that's excessive for a company that is in reality losing $4 or $5 a quarter that's it. it's a risk-we regard situation. investors are taking huge amounts of risk for what i think will be paltry levels of reward. >> dee, chain knows announced the position earlier in the year when the stock was about $100 higher >> the crux of his thesis is that the fees will get lower and lower, string brian armstrong admitted will happen to kate rooney he said he's going to offset that with more subscription revenue. i thought this was a great point. that revenue is flat this

block is one of the big names set to report after the bell kate rooney joins us kate, what is a key numberld be watching after what has been a big week for fintech stocks >> block is venmo's competitor its growth rate tends to be what analysts focus on, it's a big line item. then you've got the square seller business. there's been a bit of a reversal there. this side of the business was actually growing faster than last quarter so we'll see if that continues then after pay, the buy now, pay later business there has been a little fear around buy now pay later and credit exposure, finally bitcoin. block's crypto affiliation has been a bit of a negative for the share price this year and they may face an accounting charge which is known as an impairment from the crypto that's held on block's balance sheet. analysts are expecting a slowdown in the bitcoin trading side of the business as well back to you. >> kate rooney, thank you very much. >>> we've got two minutes to go in the trading day mike, what are you seeing in the market internals >> definitely very mixed there's a lot of divergence be

. >> let's bring in kate rooney and mike santoli to talk about kate's interview from last night.hts one was that he appeared to be softening a bit the industry's stance against regulators, less antagonism but the other thought i had is he seemed a little more reticent, less willing to declare an end to the crypto winter than sam bankman-fried. >> that's a great point, carl. he did say i'm not a fortune teller, i can't predict when this is going to be better and their business is really tied to crypto prices, things like trading volume one of the questions is that cash burn. if this goes on for multiple years, for example, are they in a position to weather the crypto winters people are calling it, but that's one of the issues wall street is really focused on that cash burn in general. they have done layoffs, for example, to pare that back but they have pressure coming from companies that are not publicly traded or not seeing that daily repricing that coinbase is getting and they're also operating overseas they have tried to say we are the regulated version of all these companies.

more than 60% below its year high, and as prices have declined, so apparently has crypto crime kate rooney details of the new report kate. >> hi, tyler, yeah, this might be one silver lining of crypto's bear market. criminals are having a tougher time stealing money. according to a new report from chainal sis, the total volume is down 15% from a year ago rch, it's holding up better than overall crypto volume. data firm found a significant drop in scams. it was 65% below what we saw the same time last year. these are those typically get rich quick schemes or opportunities you may have seen out there that promise enormous returns. they might seem a little less believable with prices down and fewer people right now are falling for it you've got dark web revenue. that was down 43% below last year's levels. it was actually tracking heighe for this year, that's when a prominent hub for drug sales, stolen data and money laundering services was shut down one area that crime is still booming, hacks and stolen funds. it topped $1.9 billion so far this year, up about 58% from a year ago it's mostly i

kate rooney is back with the details. kate. >> sofi is better than expected numbers and some upbeat guidance adjusting net revenue was up 15% year-over year. it also saw record number growth and up to full your eps and revenue guidance. i caught up with sofi ceo anthony about the quarter and macroenvironment. he says yes, we are absolutely in a technical recession. we expect to be in a pretty limited growth environment for the foreseeable future. he also talked about diversifying revenue for sofi and says quote, we continue to take share from existing banks , leverage the breath of our products to drive consistent growth. talked about very few companies having a lending business, tech platform. all those financial services products like checking, savings and credit card, investing in brokerage as well as insurance. but he says there's without a doubt, challenging macroenvironment right now. also mentioned a shift away from the student loan business. used to bring in about $2 billion in originations. right now it's only ope

morgan says yes kate rooney joins us now with a look hi, kate >> yes, that is the big question afterbringing relief for bitcoin bulls after almost nine months of downward pressure j.p. morgan among those who think the bottom is in, and in a note to clients earlier today, major cryptocurrency, terra and luna there is also a lot of enthusiasm lately over another cryptocurrency, ethereum and while prices and trading volumes are still depressed, analysts say it appears that the crypto markets have found a floor they've reclaimed two point levels, first above the weekly average and the price where most investors got in and it's $24,000 according to gladstone volume is down and gladstone says current network activity remains little influx of new demand it coincides with what we've seen in terms of equity investors and there's been a risk appetite and a rally in tech stocks and ethereum has been the big winner up more than 40% compared to a 10% rally in bitcoin. crypto-related stocks, and coinbase has been on a tear after announcing a partnership with blackrock and seeing a short squeeze an

today coinbase ceo brian armstrong responded during an interview a short time ago with cnbc's kate rooney >> i think there is the short and the medium term and there is the long term. short term we have not seen any fee compression to date. so that's good generally we see that especially our retail customers are not super price focused. they want to use the app that is trusted, easy to use they're not going to lose their money. it has the products and assets and payment methods and additional functionality around staking and nfts and there are so many new things happening in crypto especially on the retail side that it just hasn't become commoditized yet investors with high frequency, trading every kind of trade, market makers and things like that, i think that could change a little bit over time again, it hasn't, we haven't seen anything dramatic >> all right jim chanos joins us now in an exclusive interview to react to that interview welcome. good to see you again. >> hey, scott. how are you? >> good. what is your response to what you heard from armstrong when he was asked about you dir

jon, back to you >> kate rooney, thank you. beth, do you -- do you bet on companies that are involved in crypto or if you're interested in crypto exposure just stay with crypto itself >> we like crypto itself we are believers in bitcoin. bitcoin adoption has gone up exponentially similar to ftx has grown quite a bit. ethereum right now is about to go through its merge for a stake that should happen some time next month and that's the biggest catalyst in ethereum's history, and then, of course, in addition to ftx, grayscale had grown their assets under management from about 300 million to 43 billion and it's tapered off quite a bit and that would be another successful in crypto >> buyer beware, of course many of the bitcoin included are down more than 60% from their highs. beth, thank you. >>> still ahead, shares of signify soaring today on reports that amazon is bidding for the company and it's not the only one. we've got the latest in big te tech's battle to dominate health care that's next. just $30/mo, taxes and fees include

great interview, kate rooney, thanks for bringing that us. >>> next hour, jim chanos will respond on the "halftime report." coming up in a half hour don't miss that. >>> time for a news update let's get to kristina partsinevelos. >>> sales of newly built homes fell 12.6% in july from june levels, the slowest pace since early 2016 the slowdown affects the -- new home sales 30% below where they were a year ago. >>> pfizer and partner biontech say their covid-19 vaccine was 73.2% effective in a study of children under the age of 5, below earlier analysis which suggested an efficacy rate of just above 80% experts have said the number could fall due to a low number of symptomatic cases in earlier studies. >>> consumers have been cutting back on dining out, but not on their morning coffee financial services company rabo josh bank says spending fell 3.1% in june but rose 1.9% at coffee shops and bakery cafes, consumers are embracing indulgences, even as their being more careful with budgets. jon, back to you. >>> intel striking a $30 billion partnership with brookfield asset management to f

kate rooney joins us with a preview of tonight's earnings. >> hey, frank.l street is expecting a bad quarter, a bad second quarter for coin base. the question is how bad will it be coin based trading volumes are disclosed pretty much in real time and as crypto prices crash j & p securities estimates volumes were down more than 30% in the quarter account growth is expected to be light thanks to the lower prices slower growth and trading activity also tends to signal lower transaction fee revenue which still drives the bulk of coin base's bottom line. investors will be closely watching something they call the mix, the makeup of the retail versus the institutional side of the business retail tends to bring in higher fees usually up to 2%. the institutional side meanwhile has lower fees but is getting a bit more attention lately after coin base announced a big partnership with blackrock then the take rate, the spread coin base earnings per transaction. the bear case has been fees on the retail side will erode with more competition coin base has been one of the

and kate rooney is joining us to tell us who was >> and now kron 4 sports. >> this morning, the nfl hall of fame class of 2022 was enshrined in canton and among. >> those were a few familiar faces headlined by a 49 are great. bryant young, young, better known as b y 2 forty-niners fans spent his entire 14 year career with san francisco earning 4 pro bowl trips and a super bowl ring. >> that bus looks like him during his sppech. young thank the forty-niners organization for treating him like family and thanked u.s. teammates for pushing him hard. >> making the best that he could be. but the majority of his speech on his family and especially the memory of his son. colby, who passed away in 2016 at the age of 15 after a courageous battle with cancer. >> on 10/11/2016. god called will be home. >> meanwhile, >> another bay area legend for meal was also inducted into the hall today for meal grew up in calistoga and after playing his college ball at san jose state, he coached for more than 60 years as a coach. he had a knack for turning losing teams into winners. among them, the kansas city ch

kate rooney myself, the raiders. ken, be more. all right. guess what? kylen mills. she is at oracle park kylen. we're just talking about how a year ago the giants they're in a race for the division, much different context this year. there's trying to get into the playoffs. you're there tonight. what's the mood of the team? how they looking? >> hey, jason, the giants are riding a four-game win streak heading into tonight's game against the diamondbacks. your local park first pitch just took place a couple moments ago. the giants monster right now. it's not over until it's over. >> they were more than 8 games back in the national league. wild card race just a couple weeks ago. they really struggled after the all-star break going 6.10 in those first couple games. the 2nd half of the season. now they've won 7 of their last night in the just 5 and a half games back in the national league wildcard, race of that final spot manager dave kasper says it's all about getting up at the right time. the giants hitting appears to be doing just that heating up. last isf

kate rooney, jason dumas, us the raiders saturday. let's have some fun. >> all right.ll be right back after the break. >> well happening today, this in a quest film festival is making its in person return to san jose. it's back after being held virtually because of the pandemic. so for its grand return to the south bay. more than 200 movies will show from august 16th through the 20 night some film starring big names, including oscar isaac and jessica chastain. most of the movies featured are directed or produced by women are members of the black asian, latino and lgbtq+ communities. they want to get your tickets. don t think if right after the show, we head down, they will make it in time. >> i think we could. we get off a little earlier than the rest of the world. you know, i got this hat will be something you want to check out. well, it's in town. i live. >> the peanuts fans have a reason to celebrate because the charles m schulte a museum and research center mark its 20th year anniversary yesterday celebrated in santa rosa with an ice cream party. another first 500

kate rooney, myself and the raiders. all this don't be fun. another. we had a pre-game show and post game show last week it was there's great. the raiders got to win. so, you know, football season, i'm already smelling. the tailgates is coming up fast. you know what i want to talk about what your shoes. thank you. tell me about the shoes. look at the a sox. yeah. so these are james harden signature sneakers. their given them some free promo, i guess. just like the sneakers and i had some socks and a tie that map. so came together a little bit. >> i want to see his collection. all right. thank you, jayson. coming up, a lemonade stand run by an 8 year-old shut down by city meet leon the third... leon the second... and leon... the first of them all. three generations, who all bank differently with chase. leon's saving up for his first set of wheels... nice try. really? this leon's paying for his paint job on the spot... and this leon, as a chase private client, he's in the south of france, taking out cash with no atm fees. that's because this family of le

if lance gets hurt or doesn't perform well, kron four's kate rooney was at the team's headquarters today. we'll have much more on this surprising arrangement coming up tonight at about 5.45? also coming up, some things in the water. what scientists say is responsible for killing thousands of bay area fish. >> plus, a man attacks a san francisco ambulance with 2 paramedics inside why they're worried this incident will go on accounted for. nasa postponing the launch of its mega rocket this morning. the issues they faced and what happens next. i'm meteorologist lawrence karnow summer winding down. but the heat. yeah. it is winding up. we could be talking about the hottest temperatures of summer so far about that. coming up next. three sisters. the drummer, the dribbler, and the day-dreamer... the dribbler's getting hands-on practice with her chase first banking debit card... the drummer's making savings simple with a tap... ...round of applause. and this dreamer, well, she's still learning how to budget, so mom keeps her alerts on full volume. hey! what? it's true! and that's all thanks to

levi stadium against the packers training camp will continue tomorrow in kron. 4 sports reporter kate rooney latest tomorrow right here on kron 4 guys. >> all right, jason, as expected, the oakland a's are saying goodbye to some key players ahead of tomorrow's mlb trade deadline today. the organization parted ways with pitcher frankie montas os trading him to the new york yankees. according to reports, the bronx bombers will be sending for their top prospects to oakland, one of them with bay area ties, left-handed pitcher ken waldichuk. he played his college ball at saint mary's and moraga the deal also involves sending relief pitcher lou trivino to new on toss spent the past 6 seasons with the oakland a's. >> cleveland browns quarterback deshaun watson has been suspended 6 games after more than 2 dozen women accused him of misconduct or assault. those women were hired to give watson massages. he is not facing criminal charges at this time but has settled. 23 of 24 civil lawsuits by his accusers. the punishment handed out by the nfl's disciplinary officer who says that watson violated the le

anyway, thank you, kate rooney, not kate rooney vera just different kate, >> regular kate. >>> a twitterber security policies. we'll bring you the details right after the break. turboxfled with a 360 degree hinge disguised in the design. for maximum comfort, flexibility, and performance that stands the test of time. now, strength meets style. invest in the best, turboflex. find your retailer at turboflexeyewear.com >>> welcome back to "squawk box" this morning we have a developing story in the works here a former twitter executive blowing the whistle on the company. we're joined with the latest details. ayman? >> enormous implications it is twitter's former chief of security, he's known by the hack name "mudge. the contents of the whistle-blower complaint were confirmed by his legal team. in that written whistle-blower complaint, he describes twitter as a chaotic, rudderless company, beset by infighting unable to present its 238 million daily users including government agencies and public figures. the complaint alleges that twitter violated terms of a settlement the key problem appears t

kate rooney has the story on paypal >> paypal's cfo left for walmart earlier this year. to lisa elliott, saying there's been some concern that there hasn't been a resolution, there also maybe be a c.o.o. to step up, but there's been a huge focus, because there's a void here. the elliott investment, you mentioned paypal hasn't acknowledged that publicly, so any comment on that around the call elliott also has a stake in pinterest, but there's a lot of speculation that deal might be back in play there's a thought out there that full-lr full-year guidance may have to come down. we've seen things like currency headwinds and consumer spending has been hit paypal tends to skew toward more discretionary spending so the bar has lowered for paypal in previous quarters. the question, though, john, is the barlow enough to paypal. it remains, investors call it a show he emphasize story. based on how many times they have moved the goal post in terms of their own metrics and targets. >> good question jeff, is the barlow enough how exposed is paypal to downward consumer e-commerce tren

bitcoin and ethereum rebounded from june lows cryptocurrency has been trading for more than a year kate rooney has this report. >> reporter: july has this relief after nine months of downward pressure. jpmorgan chase thinks the bottom is in for cryptocurrency a note to clients today highlighting limited contagion of terra luna and ethereum they say prices in trading volumes are still depressed, but it appears the cryptocurrency markets down a floor bitcoin prices reclaimed two levels above the 200-weekly moving average and back above the cost basis for investors. $24,000 is the average cost that investors paid to buy their bitcoin. according to data firm glassnode. activity suggest there is little influx with new demand a rally in tech stocks as well ethereum has been the big winner in the past month. crypto stocks are rallying more than bitcoin coinbase on a tear after a partnership with blackrock there has been a short squeeze playing out. last week, micro strategy robinhood getting a boost in recent weeks and the crypto mining flamnames are the bigges winners. all up more than 50% on the mo

the move in cryptocurrency ether over the last month rising more than 60% kate rooney is taking a looke >> reporter: hey, jon, yeah, the world's second largest cryptocurrency had an each bigger month than bitcoin up almost 80% for july versus a 30% gain for bitcoin both are still down for the year and well off of the november highs. the optimism around ether is really specific to that cryptocurrency ether is the coin tied to the ethereum network it's in the process of what you can think of as a software upgrade, the way it's run or validated, as some people call it, will change the new cryptos come crypto's carbon footprint has been one of its biggest criticisms the date for what people are calling the merge are on track for september 19th that date has opinion pushed back still a little bit of skepticism around that. either way crypto investors are pouring into this trade ahead of that date. the number of addresses and spot volume jumped in july. can you also see some of that bullishness playing out in derivatives market this chart year from glasnost shows a parabolic increase in the

kate rooney is here. to is getting news with macro news and industry-specific news, as well. first, blackrock, as you mentioned launching a private trust to track the price of bitcoin, and this will be a direct competitor to blackrock the world's largest asset manager saying despite the downturn, we are still seeing substantial interests from some institutional clients. it comes a week after blackrock partnered with coin boy base to let clients and more institutional interest has been seen as a sign of legitimacy for the new asset class. then you have ether, the cryptocurrency tied to the ethereum network benefiting from progress from something called the merge to make e tthereum moe energy efficient this week developers successfully ran the last test a head of the final merge that's happening in a month or so some are still skeptical this goalpost was moved a few times in the past and you're seeing the optimism play out in options markets which have seen even higher volume than bitcoin options. bitcoin an

most of its earlier losses, now down a bit again kate rooney joins us with a breakdown. kate >> hey, jon. yeah jack dorsey's payment company reporting a loss third quarter in a row profitable a year ago this time. square merchants missed wall street's consensus katargets. growth slowing executives said spending stable through july not seeing enough tick in delinquencies either perhaps buy out pay later business, cfo on the call saying they're adjusting. saying block is pulling back on spending, slowing hiring and getting more kebtive on underwriting cfo, we recognize the environment changed prepared to adapt and maintain discipline in block saying its focused on demonstrating greater near-term profitability agency we head into what could be a more volatile macro environment analysts reaction this morning, a little mixed jeffries and rbc cheering spending cuts. jpmorgan saying, that suggests square is bracing for potentially weaker growth. wedbush pointing out fears of competition with pfizer and talking about exposure to the consumer end small business. analysts have ques

our kate rooney. >> shares of palantir getting crushed on weak earnings is it down enough to buy we'll have answers on three stock lunch on "power lunch" which begins right now ♪ ♪ >>> good afternoon, everybody, and welcome to "power lunch. i'm tyler matheson kelly will join us in just a sec. here's what's ahead on a busy monday a major economic bill passing the senate and we will look at what it could mean for the economy, corporate america and taxpayers like you we'll dig into the industries that could be most impacted like evs, solar and health care a major revenue warning from nvidia the company expects a decline in orders for its gaming customers. what does it mean for the chip industry which is still struggling with the effects of a shortage and we'll get into that and a lot more kelly? >> tyler, thank you. hi, everybody. let's take a quick look at nvidia as we kick things off and this market tells a lot of the market story down 8% after that warning dragging down a lot of the other chip names, as well and the smh down about 2% rid now and the other fighting back the components m

our own kate rooney talk to illustrator to find out why stick around. >> welcome back to sports night live. talk about multi talented the golden state warriors. latest training camp signee didn't even play basketball in college. pat spencer, the most decorated lacrosse career of any student athlete at loyola university, maryland. now he's transitioning to pro basketball. our sports director jason dumas caught up with spencer to find out how he's preparing for training camp in october. >> this is probably the slowest month of the nba calendar. it's the dog days of summer. guys are bunkered down in gyms across the country, prepping for training camp in a few months and training camp is always a great time to get familiar with guys and their stories as they battle it out for roster spots for the upcoming season. one of those guys guard pat spencer. he recently signed an exhibit 10 contract with the golden state warriors. now, the interesting thing about pat, while he looks to accomplish his goals in his young hoops career, he's already one of the most accomplished players of all time in

kate rooney has the story on this one fintechs have been having a good string >> good month or so.'s a few sides to focus on for earnings today first, you go to cash app. the consumer banking an. venmo competitor it has been one of the highest growth areas venmo had a good quarter with paypal then the seller business which saw more of a slowdown during covid. there's been a reversal with the point of sale. payments out of the business growing faster than cash app also index to business then for cash app, way more index to consumer spending and just the growth area in general. so we'll see how user engagement looks. some of that growth could give us a few of the u.s. economy block is still a u.s.-based company. then you've got after pay. the buy now pay later business that block bought. there's a lot of fear around it. around the consumers and finally, bitcoin jack dorsey's big focus when it comes to block part of the reason they changed the name the crypto affiliation has been a negative for the stock when you talk sort of mainstream analysts the crypto crowd tends to look it, but

. >>> let's get to kate rooney now for a cnbc news update kate >> hi tyler, the biden administration is preparing to move forward with a plan to stretch the limited supply of monkeypox vaccine doses. it would allow providers to use one fifth as much per shot. this comes a week after the biden administration declared it a public health emergency. >>> police in new mexico are stepping up security at albuquerque area mosques and muslim community schools as investigators hupt for the suspect who gunned down four muslim men over the past nine months the city will be working with the police departments serving the university of new mexico and the albuquerque public school system working to ensure students are safely returning to their respective campuses. >>> and issey miyake who built one of japan's biggest fashion brands has died of liver cancer. he was 84. tyler and kelly. back over to you. >>> thank you very much. ahead on "power lunch" with meme stocks going viral yet again and investors potentially looking for riskier bets or highly shorted stocks on the table as well, we'll discuss

kate rooney, you broke that story. >> yes, the growth was really eye popping.u said, this is 2021, audited financials we don't have a sense of q2. but last year really, really was eye popping. the privately held crypto exchange brought in just over a billion dollars in revenue for 2021, up 1,000%. it was also profitable, operating income of $272 million, with 27% margins. like the other exchanges it's all about trading fees and derivatives, the biggest revenue driver with most of the action happening abroad less than 5% of revenue came from the u.s. subsidiary ftx has made a big push for the u.s. retail audience, through marketing, you mentioned the super bowl ads according to the documents it spent about 15% of revenue on marketing, and ads, and plans to spend almost a billion over the next few years see if that changes. but the documents also give a sense of sam bakeman fareed's glowing global -- ftx has companies in switzerland and australia, may have been to get certain regulatory licenses, unclear how the company is holding up recent downturn, the shares o

continue to hurt investors there may be a silver lining a similar fall in smaller crypto crimes kate rooney us with the numbers. >> it's not just investors crypto criminals are having a tougher time making money in this year's bear market. according to a report from, the total volume is down 15% from a year ago that comes as overall crypto volumes have fallen 30%. first the blockchain data firm found a significant drop in scams. it was 65% below the levels through july this time last year these are typically those get rich quick schemes think of those fake investing opportunities you have seen out there promising enormous returns. those tseem less believable wit prices down now and fewer people seem to be falling for it. then dark web revenue, down 43% from a year ago. tracking higher until april. that's when hydromarketplace, a prominent hub for drug sales, stolen data and money-laundering services was shut down a bit of a reversal will there and one area booming, hacks and stolen funds topped $1.9 billion so far this year that's up 58% from a year ago. this is mostly in defy, decentralize

kate rooney, the host that you'll want to be locked in. all right.he steel mike shoot out 3 verse 3 tournament was put together to honor the life of michael harris who is the son of former forty-niners president peter harris. michael was killed in a boating accident in 2015, harris was a popular basketball player at menlo school. he also worked there as a counselor and a basketball coach sunday's tournament will include a game of knockout, a basketball skills clinic and a silent auction with prizes like warriors, luxury suite tickets. proceeds will benefit the children's health council in palo alto. >> well, i wish more than anything in the world that he could be here living his own life to the fullest, the least that i can do that as friends can do that is family can do is making sure that we're creating new memories with him. by the way, he's impacting other people through his legacy. so the foundation is our way of creating new memories for michael and how he lives his life >> and impacting more and more people. >> great to honor the life of a fal

yeah, we have our radio show friday kylen mills, kate rooney, the host at the raiders play the patriotse to be on friday. it is. yeah, it is really cool. thanks, jason. >> real life various why some are saying the movie franchise is inspiring. more street takeovers. ♪ go on and check my drip. ♪ ♪ take a bite. feelin fit. ♪ ♪ we're breaking the mold. ♪ ♪ estado dorado. ♪ ♪ shining like gold. ♪ ♪ estado dorado. ♪ ♪ vive en el estado dorado live in the golden state ♪ >> well, the latest installment in the fast and furious movie franchise causing some fury in los angeles county. indeed, it is certain residents say that it's bringing chaos and crime to their neighborhood. kimberly reports now on the protests planned ahead of this week's movie shoot. >> we've had chill ming for over 50 years and we've never had a problem. >> this is a very, very violent film. there's so many fans to come and then they do their donut. longtime residents say their neighborhood has become a hot spot for people driving recklessly. >> they think the fast and furious films are to blame. damian kept it with the grou

cryptocurrencies bitcoin and ether are higher and solana is lower as they were the target of a hack kate rooney more on crypto. >> tyler, this is the second crypto hack in just a couple of days and it adds to a long list of exploits and data firm elyptical estimates $5.2 million in funds was drained from wallets from solana and related tokens and this hack is smaller than others and it is significant. the founder of eliptic, and think of a crypto exchange and this one was across thousands of individual wallets which are usually seen as the safer way to store crypto, not in this case, though it initially hit the price of solana and the token is yassocid with the block chain and still down more than 2%. the network had been billed as a big competitor to ethereum and both are used to build things like nfts and solana has had a share of growing pains and its team tweeting that this week's hack does not appear to be an issue with the network itself. regardless, many investors i'm talking to have moved their crypt onto what they call cold storage or offline in general to be safe. this is the latest m

kate rooney joins us with that story. i, tyler this is the transformation paypal investors have been waiting for. it's cutting costs and buying back $15 million in tocstock an major shareholder, paypal is in the process of deep transformation of the business to regain momentum paypal hired a new cfo, blake jorgenson and it had been a hang ore pick for paypal's stock. executives also outlined a cost savings program that's expected to save $900 million this year with another $1.3 billion in savings next year and margin expansion set for 2023 paypal's ceo gave some examples of what they're already doing to save some money. for one, they're pulling back on hiring and scrapping plans to launch a stock trading platform. sources had told me last year that paypal was looking to take on robinhood with the trading app that is no longer on the road map it's reallocating those resources to its court check out business then the elliott management. paypal confirming the $2 billion stake and the managing partner with the paypal's release

a new receiver, kate rooney tells us who he is. that's n ♪dance!eady?♪ ♪ ♪let's go♪ ♪ ♪ahh yeah♪ ♪ ♪step to rhythm like♪ ♪you're going out tonight♪ ♪dance get with the groove and♪ ♪dance get up and move let's♪ ♪dance kick off your shoes and♪ ♪show me how you♪ ♪dance♪ ♪ ♪dance♪ ♪ ♪dance♪ get a free storage upgrade and case with s pen when you pre-order. ♪dance♪ >> a new poll is showing waning support for president biden and split between voters within his own party and whether or not he should seek a second term forcefully reports support for governor gavin newsom's potential candidacy. he's picking up steam. the 20 year long drought in the western u.s. is the worst in 1200 years. they say in the that whiskey is for drinking and water is for fighting over. and that's what's happening right now as low water levels threaten water allotments for states in the colorado river basin. power production. >> and even the me. >> we'll get that story in just a few moments. but this monday, senator alex padilla will co-host a statewide telephone town hall with a

and then soon as that game wraps up, we will have a raiders game day post game show kate rooney, myselfl be right back after a quick break. >> deputies in san luis obispo county are not talking about a prime suspect, but a primate suspect. they say a little caption monkey apparently managed to call 9-1-1, from a wildlife sanctuary. this was saturday. the call was disconnected. dispatchers couldn't get a response from the call back. they got worried. deputies went out to that's out there in paso robles to investigate. and they found this little fellow named route who had found a cell phone in a golf cart began pushing. it's not these. >> that wraps up kron. 4 news at 8 o'clock and are here to tell us what's happening at 9 promotions. key want be careful. thanks, guys. here's what's next on kron. 4 news at night. >> looking at prevent violence against the asian community. that was the big topic of a town hall. >> in san francisco tonight, you see the new da talking. the police chief was also there what they say they're doing that try to stop this problem. and with catalytic converter thef

. >> kate rooney is has more on who took upper hand in today's match up. for years, california's non-gaming tribes have been left in the dust. wealthy tribes with big casinos make billions, while small tribes struggle in poverty. prop 27 is a game changer. 27 taxes and regulates online sports betting to fund permanent solution to homelessness. while helping every tribe in california. so who's attacking prop 27? wealthy casino tribes who want all the money for themselves support small tribes, address homelessness. vote yes on 27. >> and now kron 4 sports. >> the battle of the bay always a high point in the season for bay area. baseball fans, even if things haven't been going so well. otherwise the a's happened playing pretty good ball in the 2nd half. actually. well, the giants entered today on a four-game skid. one of many skids since the all-star break. here you go. warriors youngster, jonathan hoping to give his bay area counterparts a boost of good vibes throwing out the first pitch. giants were up 2, nothing in the 3rd with 2 outs. sean murphy cuts the

. >> thank you >>> let's get to kate rooney for the cnbc naews update. >> paul pelosi has been -- facingys in jail after pleading guilty to driving under the influence. pelosi must pay $6,000 to cover court fines as well as the victim's medical bills. >>> the u.n. security council holding an emergency meeting today at russia's request over the situation at ukraine's zaporizhzhia nuclear power plant. the power plant is europe's largest. it was captured by russia in march and has repeatedly come under fire in recent weeks spasp sparking fears of a nuclear zas n disaster russia and ukraine have both blamed each other for attacks on that plant >>> hyundai and kia are telling owners of some of their large suvs to park them outdoors and away from buildings after a series of fires involving trailer hitch wiring the automakers are recalling more than 281,000 vehicles in the u.s. because of that problem, which does not have a fix yet. the recall covers the hyundai palisade through those 2022 model years. >>> thank you very much. and ahead on "power lunch," not all growth is created equal when it

kate rooney, myself and the raiders this saturday. now the a's there in wow. that's a lot of food. the top of the 3rd inning. no score. nick allen, that one gets out in a hurry. solo home run against the a's off to a good start. still to the bottom of the frame, the bay area native marcus semien used to play for the a's matches that homer with one of his own. it's always a former a haunting effect for halting the current a's rangers tied up bottom of the 6 same score. one offer bubba thompson. so all-time name right there. the go ahead, run. that'll do could muster up anything after the game after anything after that ending they fall to the one game. 2. >> is tomorrow. all right. that's your look at sports. we'll be right back. >> a quest film festival making its in-person return to san jose tomorrow for the last 2 years. the festival has been held virtually because of covid. of course, or is grand return to the south bay. more than 200 movies will be shown from august. the 16th through the 29th, some film starring big names, including isaac and jessica chastain. most of the movies

. >> exactly, something i was trying to get at let's hit paypal kate rooney is here with a key number to watch for and this stock which has been battered from its highs, kate. >> the number one thing to watch for paypal is the executive search the cfo left earlier this year for walmart so there's concerns that the ceo doesn't have an heir apparent. there's a bit of a void on the management side. the second is the elliott investment paypal has not acknowledged that publicly but it sparked speculation about a possible pinterest combination. finally guidance may have to come down based on the international business and currency headwinds as well as a slowdown in china. the bar has been lowered in prior quarters the question for this quarter, is it low enough heading into earnings this time we'll see you in a few minutes back to you. >>> amd is the other big name set to report. kristina partsinevelos has a preview of that name. >> amd updated their annual guidance in mid-june so making expectations just a little bit more accurate and possibly easier to beat but there are three points i wa

. >> coming up, kate rooney will have all the highlights. also have all the highlights.omelessness, address mental health, provide spaces for addiction to be broken, create spaces of healing and restoration. for the first time ever, prop 27 will provide permanent funding for organizations like ours. saying yes to prop 27 means more people get the assistance that they nee they get someone to partner in such a way to see transformation come to them. yes on prop 27, because there's no place like home. ♪ strutting your way into my heart ♪ ♪ take your hat off make yourself at home ♪ ♪ how about stay the night then strut on home ♪ ♪ day 1 i'm in love with your strut ♪ ♪ day 2 i'm in love with your strut ♪ ♪ day 3 i'm in love with your strut ♪ ♪ guess what i'm in love with your strut ♪ ♪ i like your strut, do you wanna go struttin' struttin' ♪ ♪ you like my strut ♪ ♪ do you wanna go struttin' struttin' ♪ ♪ you like my strut ♪ ♪ then let's go struttin' right now ♪ ♪ >> davante adams might be the best wide receiver in the league. he's also a bay area. native grew up in east palo

the starters will play kron. 4 is your place to be kate rooney kylen mills.per's will take the court at menlo school and after 10 to raise money for an important cause. the steel mike shoot out tournament was put together to honor the life of michael harris, who is the son of forty-niners former forty-niners president. i should say peter harris, michael was killed in a boating accident back in 2015, harris was a popular basketball player at menlo school. he also worked there as a counselor and a coach sunday's tournament will include a game of knockout, a basketball skills clinic and a silent auction with prizes like warriors luxury suite tickets. proceeds will benefit the children's health council in palo alto. >> well, i wish more than anything in the world that he could be here living his own life to the fullest, the least that i can do that is friends can do that is family can do is making sure that we're creating new memories with him. by the way, he's impacting other people through his legacy. so the foundation is our way of creating new memories for mi

and then the raiders gameday post show that is all with kylen mills and kate rooney.ke shootout, 3 verse 3 tournament was put together to honor the life of michael harris was the son of former forty-niners president peter hairs. michael was killed in a boating accident in 2015, harris was a popular basketball player at menlo school. he also worked there as a counselor. and as a basketball coach sunday's tournament will include a game of knockout of basketball skills clinic in a silent auction with prizes like warriors luxury suite takes it. tickets proceeds will benefit the children's health council in palo alto. >> well, i wish more than anything in the world that he could be here living his own life to the fullest, the least that i can do that as friends can do that is family can do is making sure that we're creating new memories with him. by the way, he's impacting other people through his legacy. so the foundation is our way of creating new memories for michael and how he lives his life and impacting more and more people. >> all righty. that is your look at sports

kate rooney, myself, the raiders on a saturday. what else could you possibly want?hat whatever it is hot dole, kids that got to be about 200 calories. top of 3rd. no score until. nick allen sends that laser shot to left a's strike. first. bottom of the frame are kissimmee. it the it's always a hurting the current ace. the guy to left just like that. rangers tie it up. bottom of the 6 same score, one on for bubba thompson. all-time name. pretty good baseball players. well, the go ahead. run comes on in to score a's could muster up anything after that. they fall 2 to one game. 2 is tomorrow. all right. that's your look at sports. we'll be right back after a quick break. ♪dance! by christian a medice & elisha noll♪ ♪are you ready?♪ ♪ ♪let's go♪ ♪ ♪ahh yeah♪ ♪ ♪step to rhythm like♪ ♪you're going out tonight♪ ♪dance get with the groove and♪ ♪dance get up and move let's♪ ♪dance kick off your shoes and♪ ♪show me how you♪ ♪dance♪ ♪ ♪dance♪ ♪ ♪dance♪ get a free storage upgrade and case with s pen when you pre-order. ♪dance♪ >> and now to the latest on the wildfires burning n

coming up next in sports, kate rooney is going to tell us what was being given away for what was beingdon't stop me now) ♪ ♪ ♪ (don't stop me) ♪ ♪ 'cause i'm having a good time ♪ ♪ having a good time ♪ ♪ i'm a shooting star leaping through the sky like a tiger ♪ ♪ defying the laws of gravity ♪ ♪ (don't stop me now) ♪ ♪ 'cause i'm having a good time ♪ ♪ i don't wanna stop at all, yeah ♪ ♪ ah, da, da, da, da da, da, ah, ah ♪ hold on... you're a night manager and mom. and the bill payer, baker, and nightlight maker? that's a lot. so, adding “and student” might feel daunting. but what if a school could be there for all of you? career, and family and finances and mental health. happy birthday. well, it can. national university, supporting the whole you. here at city of refuge, we house up to 26 families. we reduce homelessness, address mental health, provide spaces for addiction to be broken, create spaces of healing and restoration. for the first time ever, prop 27 will provide permanent funding for organizations like ours. saying yes to prop 27 means more people get the assistance that th

and then soon as that game wraps up, we will have our raiders gameday post game show kate rooney, myself. all right, ashley, look at sports. we'll be right back after the break. i'm bringing back two of my fan favorites, french toast sticks and my former employee mark hamill. jack? let's do this! okay? french toast sticks and me, mark hamill, back for a limited time. when a truck hit my son, mark hamill, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. call the barnes firm now and find out what your case could be worth. ♪ call one eight hundred, eight million ♪ people who get 3 of my french toast sticks always wish they got 6. but nobody ever orders 6 and wishes they only got 3. it's called math people. french toast sticks starting at $2.00 are back at jack in the box. >> president biden signed the inflation reduction act into law. today the president held a signing ceremony at the white house finalizing a landmark piece of legislation, a win for democrats. reporter anna wiernicki. he's in washington with more on what is in the bill.

kate rooney, jason dumas, us the raiders saturday. let's have some fun. ♪dance!t's go♪ ♪ ♪ahh yeah♪ ♪ ♪step to rhythm like♪ ♪you're going out tonight♪ ♪dance get with the groove and♪ ♪dance get up and move let's♪ ♪dance kick off your shoes and♪ ♪show me how you♪ ♪dance♪ ♪ ♪dance♪ ♪ ♪dance♪ get a free storage upgrade and case with s pen when you pre-order. ♪dance♪ red in a car crash. i had no idea how much my case was worth. i called the barnes firm. when a truck hit my son, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. your case is often worth more than insurance offers. call the barnes firm to find out what your case could be worth. we will help get you the best result possible. ♪ the barnes firm, injury attorneys ♪ ♪ call one eight hundred, eight million ♪ >> it might sound like something out of a movie, but the technology is here. all you have to do is scan your palm to pay its called amazon one in some select stores already have it. but now it may be coming to a grocery store near you. crowd for us. ju